I think it would be always cheaper than other chains.
Also hive can scale much much easier :)
Dpos is way cheaper as pow + every year computing power becomes better and cheaper. Also a factor 20 blocksize increase would be very doable, bitshares has 1MB.
This doesn't work if the fee is worth less than the RCs.
And it also doesn't work if the fee is worth more than the market value of RCs.
it was an example. even 0,5% would up to fixed top cap would be really competitive :)
We should not forget, hive needs to deliver benefits. If things become too expensive it doesn't work anymore.
But we can scale and even this makes hive more valuable. But with the factor 20 in the background, everything should run fine. And I don't say it, it was Blocktrades. Only hivemind can makes problems or need updates :)
This entire network has a maximum bandwidth of 22KB/sec currently.
We are running this entire thing on 56k modem speeds.
Can't agree more :) Scaleable to the moon. Btw data storage algos becomes also better and better. Like MP3 for example. Before that music was much bigger.
Bitshares has a 1MB blocksize?
Ha, that's nuts.
Definitely too high: there's no way they can sustain such a high limit.
That's 28 GB a day of raw data.
10 TB a year.
Hive witnesses can set the limit to whatever they want,
Doesn't mean the network can actually handle it.
But yeah I'm probably being bearish for no reason.
FUD!
yeah, you are an old bear :) Blocktrades was the opinion 1MB is doable, only hivemind would maybe make some problems.
But I'm sure it would not be impossible to fix.
And if a Block is not at 100%, it would be less than 1MB:) it is only the maximum :D I would expect it would need much more users and transactions to fill 1MB.
Edit: even 10TB is not that much if we think really about it. It is on today's data streams close to nothing.
I know replay and start a new witness note after some years could be maximum pain, but I remember 1GB hard drives and less. And its not that long ago :)